Energy, Wealth and Governance in the Caucasus and Central Asia
In 1991 the eight countries of the Caucasus and Central Asia (CCA) became independent from the former Soviet Union. Although a region rich in natural resources, the transition toward a market economy has not gone smoothly for the CCA countries. Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the CCA countries' transition by tracing the impact of the natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed energy revenue deployment.
The region has been a relatively slow reformer, its governments have become more authoritarian, and the contributors argue that despite recent growth spurts, further reform is required to sustain rapid GDP growth and nurture democracy. They suggest that unless CCA elites change the way in which they deploy natural resource revenues, regional development will fall short of its potential with possibly disastrous consequences. The contributors apply the experience of the developing market economies to demonstrate that the region still holds considerable potential to become an important stable supplier of raw materials and a source of industrial demand to the global economy. However, the CCA could become a threat to the global economy as a consequence of the misuse of energy revenues in promoting the interests of predatory political elites.
With contributions from prominent specialists on resource-driven economies Energy, Wealth and Governance in the Caucasus and Central Asia provides a systematic and integrated analysis of the political economy of resource-driven growth in the CCA region.
Richard M. Auty is Professor of Economic Geography at Lancaster University, UK.
Indra de Soysa is Associate Professor of Political Science at the Norwegian University of Science and Technology.
CENTRAL ASIA RESEARCH FORUM
Series Editor: Shirin Akiner, School of Oriental and African Studies,
University of London
Other titles in the series:
SUSTAINABLE DEVELOPMENT IN CENTRAL ASIA
Edited by Shirin Akiner, Sander Tideman and John Hay
QAIDU AND THE RISE OF THE INDEPENDENT MONGOL STATE IN CENTRAL ASIA
Michal Biran
TAJIKISTAN
Edited by Mohammad-Reza Djalili, Frederic Gare and Shirin Akiner
UZBEKISTAN ON THE THRESHOLD OF THE TWENTY-FIRST CENTURY
Tradition and survival
Islam Karimov
TRADITION AND SOCIETY IN TURKMENISTAN
Gender, oral culture and song
Carole Blackwell
LIFE OF ALIMQUL
A native chronicle of nineteenth century Central Asia
Edited and translated by Timur Beisembiev
CENTRAL ASIA
Aspects of transition
Edited by Tom Everrett-Heath
THE HEART OF ASIA
A history of Russian Turkestan and the Central Asian Khanates from the earliest times
Frances Henry Skrine and Edward Denison Ross
THE CASPIAN
Politics, energy and security
Edited by Shirin Akiner and Anne Aldis
ISLAM AND COLONIALISM
Western perspectives on Soviet Asia
Will Myer
AZERI WOMEN IN TRANSITION
Women in Soviet and post-Soviet Azerbaijan
Farideh Heyat
THE POST-SOVIET DECLINE OF CENTRAL ASIA
Sustainable development and comprehensive capital
Eric Sievers
PROSPECTS FOR PASTORALISM IN KAZAKHSTAN AND TURKMENISTAN
From state farms to private flocks
Edited by Carol Kerven
MUSLIM REFORMIST POLITICAL THOUGHT
Revivalists, modernists and free will
Sarfraz Khan
ECONOMIC DEVELOPMENT IN KAZAKHSTAN
The role of large enterprises and foreign investment
Anne E. Peck
ENERGY, WEALTH AND GOVERNANCE IN THE CAUCASUS AND CENTRAL ASIA
Lessons not learned
Edited by Richard M. Auty and Indra de Soysa
Energy, Wealth and Governance in the Caucasus and Central Asia
Lessons not learned
Edited by Richard M. Auty and Indra de Soysa
First published 2006 by Routledge
Published 2017 by Routledge
2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN
711 Third Avenue, New York, NY 10017, USA
Routledge is an imprint of the Taylor & Francis Group, an informa business
Copyright 2006 Editorial matter and selection, Richard M. Auty and Indra de Soysa individual chapters, the contributors
Typeset in Times by RefineCatch Ltd, Bungay, Suffolk
The Open Access version of this book, available at www.tandfebooks.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging in Publication Data
Energy, wealth & governance in the Caucasus & Central Asia: lessons not learned / edited by Richard Auty and Indra de Soysa.
p. cm (Central Asia research forum)
Simultaneously published in the USA and Canada by Routledge.
Includes bibliographical references and index.
1. Caucasus Economic conditions. 2. Asia, CentralEconomic conditions1991 3. Energy policyCaucasus. 4. Energy policyAsia, Central. 5. CaucasusPolitics and government. 6. Asia, Central Politics and government 1991 I. Title: Energy, wealth and governance in the Caucasus and Central Asia. II. Auty, R. M. (Richard M.) III. De Soysa, Indra.
IV. Series: Central Asia research forum series.
HC415.16.E64 2005
333.790947509049dc22
2005001292
ISBN13: 978-0-415-37206-0 (hbk)
Figures
Median GDP per capita of resource-rich and resource-poor developing countries
Staple trap and exogenous democratization model (STEX)
Competitive industrialization and endogenous democratization model (CIEN)
Vicious circles of rent-seeking behavior
Direction of trade
Intra-regional trade of trade blocs as percentage of total exports of each trade bloc
Development of trade liberalization
Average tariff rates
Percent of firms that export by size of enterprises
Prices in Kyrgyzstan relative to Kazakhstan
Prices in Uzbekistan relative to Kazakhstan
Oil and natural gas export infrastructure of the Caucasus and Central Asia
Selected existing and proposed oil and gas infrastructure in Russia's Far East
Tables
GDP projections 20002020, Caucasus and Central Asian Region
Investment, GDP growth and investment efficiency, six natural resource endowment categories 19601997
Share of rents in GDP 1994 and GDP growth 19851997, by natural resource endowment
Evolution of political accountability, under political states with differing autonomy and aims
Initial conditions and transition trajectories, by geographical region
Indicators of resource dependence, selected transition economies and other oil-producing countries
